Time Warner’s (TWX) Hold Rating Reiterated at KeyCorp

KeyCorp reissued their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a research note issued to investors on Tuesday morning.

TWX has been the topic of a number of other reports. Cowen and Company reissued a hold rating and issued a $107.50 price target on shares of Time Warner in a report on Thursday, October 12th. Jefferies Group LLC downgraded shares of Time Warner from a buy rating to a hold rating and set a $105.00 price target on the stock. in a report on Thursday, August 3rd. Credit Suisse Group downgraded shares of Time Warner from an outperform rating to a neutral rating and set a $107.50 price target on the stock. in a report on Monday, September 18th. Morgan Stanley reaffirmed an overweight rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, FBR & Co downgraded shares of Time Warner from a buy rating to a neutral rating and raised their target price for the company from $105.00 to $107.50 in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $102.91.

Time Warner (TWX) traded down 0.36% during trading on Tuesday, reaching $101.83. 5,503,223 shares of the company’s stock traded hands. The stock has a market cap of $79.20 billion, a price-to-earnings ratio of 18.89 and a beta of 1.02. The company’s 50 day moving average is $102.09 and its 200-day moving average is $100.49. Time Warner has a 52-week low of $85.22 and a 52-week high of $103.90.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts anticipate that Time Warner will post $6.10 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s payout ratio is 29.98%.

A number of hedge funds have recently made changes to their positions in TWX. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the period. Bellwether Investment Group LLC lifted its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after acquiring an additional 44 shares during the period. Harfst & Associates Inc. lifted its stake in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after acquiring an additional 288 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in Time Warner in the second quarter worth $127,000. 79.16% of the stock is owned by institutional investors.

Time Warner Company Profile

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Analyst Recommendations for Time Warner (NYSE:TWX)

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